Bumitama's diary of destruction | Friends of the Earth Europe
Bumitama's diary of destruction | Friends of the Earth Europe:
European and US banks and pension funds must stop financing illegal palm oil and deforestation, according to Friends of the Earth Europe. New findings show that Bumitama Agri, an Indonesian palm oil company and recipient of financial support from numerous European and US financiers, continues to clear land and run an illegal palm oil plantation in West Kalimantan, Indonesia, despite commitments to stop.
Last year, Bumitama committed to stop clearing forests in its Ladang Sawit Mas (LSM) plantation, in response to civil society pressure and complaints from the Roundtable on Sustainable Palm Oil (RSPO). Friends of the Earth Europe's 'Diary of destruction' presents satellite imagery that shows Bumitama continues to bulldoze land. Bumitama has also publicly admitted its Golden Youth (GY) plantation does not have legal permits in place – however, production is continuing, bringing illegal palm oil into the supply chain of buyers, including Wilmar International and IOI Corporation.
Bumitama's diary of destruction